Redondo Beach Chamber of Commerce

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1921

Legal Domicile

Principal Officer

Dominik Knoll

Phone

3103766911

Tax Period

2023-07-01 to 2024-06-30

Redondo Beach Chamber of Commerce, founded in 1921, is a small nonprofit that reported $395K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $485K exceeded revenue, resulting in a 23% operating deficit.

Mission

Redondo Beach Chamber of Commerce provides business services to business owners in the Redondo Beach area through the following program service functions.

Program Service Accomplishments

Program 1

Expenses: $796,680

Superbowl 10K Run, Lobsterfest, Banquets, Breakfasts, Directory, and other events promoting the City of Redondo Beach and its businesses.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,250

Program Service Revenue $139,060

Investment Income $13,005

Other Revenue $197,156

TOTAL REVENUE $395,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,741

Fundraising Expenses $5,360

Program Expenses $796,680

Other Expenses $202,626

TOTAL EXPENSES $485,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,471	$324,667	+0.2%
Expenses	$485,367	$403,983	+0.2%
Net Income	$-89,896	$-79,316	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Longoria	Director	8.00	Officer Director	$0	$0	$0
Robert Baker	Past Board ch	8.00	Officer Director	$0	$0	$0
Nadia Antii	Chair elect	8.00	Director	$0	$0	$0
Bibi Goldstein	Director	8.00	Director	$0	$0	$0
Tonya McKenzie	Treasurer	8.00	Director	$0	$0	$0
Mathew Garth	Director	8.00	Director	$0	$0	$0
Larry Halvorsen	Chair	8.00	Director	$0	$0	$0
Geoff Maleman	Director	8.00	Director	$0	$0	$0
Michele Brown	Director	8.00	Director	$0	$0	$0
Martha Gonzales	Director	8.00	Director	$0	$0	$0
Marci Klein	Director	8.00	Director	$0	$0	$0
Amanda Mejia	Director	8.00	Director	$0	$0	$0
Faisal Hashmi	Past chair	8.00	Director	$0	$0	$0
Dan Quisenberry	Director	8.00	Director	$0	$0	$0
Robert Thompson	Past chair	8.00	Officer Director	$0	$0	$0
Crystal Williams	Director	8.00	Director	$0	$0	$0
Dominik Knoll	President & CEO	32.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$395,471	$485,367	$352,943	$-89,896
2023	$324,667	$403,983	$431,416	$-79,316
2022	$394,903	$411,956	$524,752	$-17,053
2021	$257,361	$410,697	$575,553	$-153,336
2020	$309,807	$414,386	$676,223	$-104,579
2019	$348,377	$486,416	$817,847	$-138,039